Q:
A:
Many possibilities for Serbia, Algeria to improve cooperation
Belgrade,
16 November 2009
Deputy Prime Minister and Minister of Economy Mladjan Dinkic said today that economic cooperation between Serbia and Algeria is unsatisfactory and that the trade volume is minimal, only $50 million, but added that there are many possibilities for improvement.
Author:
Fonet
Dinkic, who opened the plenary session of the Serbian-Algerian Mixed Committee, recalled that in the time of the Socialist Federal Republic of Yugoslavia foreign trade used to reach as much as $500 million, adding that foundations should be laid to help speed up economic cooperation.
The first field where Serbia and Algeria can improve cooperation are investment projects in Algeria, noting that an action plan for infrastructural projects to start before 2014 has already been prepared. Serbian construction companies are interested in participating in water management projects, Dinkic said.
He noted that the two countries can also cooperate in the pharmaceutical and weapons industry, adding that there is a huge opportunity for exporting agricultural products, machinery and furniture to Algeria.
Dinkic noted that the Algerian Central Bank does not recognize Serbian bank guarantees, stressing that this is a major obstacle to cooperation.
This issue must be solved either at the level of central banks from our two countries, or by setting up joint Serbian-Algerian companies, Dinkic said, highlighting that Serbia and Algeria have outstanding political relations and cooperation, but the void in economic cooperation must be filled.
Apart from representatives from the two delegations, businessmen from Serbia and Algeria also attended the committee meeting.
The first field where Serbia and Algeria can improve cooperation are investment projects in Algeria, noting that an action plan for infrastructural projects to start before 2014 has already been prepared. Serbian construction companies are interested in participating in water management projects, Dinkic said.
He noted that the two countries can also cooperate in the pharmaceutical and weapons industry, adding that there is a huge opportunity for exporting agricultural products, machinery and furniture to Algeria.
Dinkic noted that the Algerian Central Bank does not recognize Serbian bank guarantees, stressing that this is a major obstacle to cooperation.
This issue must be solved either at the level of central banks from our two countries, or by setting up joint Serbian-Algerian companies, Dinkic said, highlighting that Serbia and Algeria have outstanding political relations and cooperation, but the void in economic cooperation must be filled.
Apart from representatives from the two delegations, businessmen from Serbia and Algeria also attended the committee meeting.
-
Belgrade, 11 August 2025Support for agricultural projects worth RSD 750 million
-
Belgrade, 21 July 2025Construction of oil pipeline with Hungary to begin early next year
-
Belgrade/Athens, 17 July 2025Serbia continues to align with EU in field of energy
-
Kostolac, 14 July 2025First solar power plant Petka in Kostolac put into trial operation
-
Belgrade, 11 July 2025Potential for improving cooperation with Belarus in many areas
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion